Bitcoin / Yen may rise to 9193100 - 9304000

Our pivot point stands at 8822700.

Our preference

The upside prevails as long as 8822700 is support.

Alternative scenario

Below 8822700, expect 8636300 and 8525400.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 8870531 and 8787644).

Supports and resistances

9525900 **

9414900 *

9304000 **

9193100

8969057 last

8895900

8822700 **

8636300 *

8525400 **

Number of asterisks represents the strength of support and resistance levels.